USDJPY Short 1H
USDJPY in a short term downtrend, bearish candlestick has tested trend line (2nd trend line touch). Pullback predicted to retrace between 50% and 61.2% levels which shows confluence with a previous lower low. Expected to hit target of 127.2% extension which shows confluence with S1 pivot. 50 pip stop loss with 155 pip target = 3:1 RRR
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